With thermal power generation creating environmental concerns, Senior AIADMK leader M Thambidurai today stressed on the need for innovation and new technologies in the renewable energy space to push India's economic development.

"There is a resource shortage in hydro sector, while thermal creates pollution and environmental concerns. So, the innovations and new technologies in the renewable energy sector will usher a new era in the country's economic development," the Lok Sabha Deputy Speaker said.

There is a commitment to increase the share of non-fossil fuel-based electricity to 40 per cent by 2030, he said, adding that the government is extending full support to make it happen.

The encouraging sign is that India has been ranked among the top five countries for investment in renewable power projects after China, the US, Japan and the UK, he added.

"Power supply should be given free to farmers and pro-farmers. Here, projects on the lines of Saubhagya and Kusum are important for providing free energy to farmers," he added.

The government had earlier announced a Rs 48,000-crore KUSUM scheme to incentivise farmers to run solar farm water pumps and also use their baron land for generating solar power.